Financial Markets Authority - Latest News [Page 1]

FMA annual review of NZX published

Thursday, 27 June 2019, 11:00 am | Financial Markets Authority

The Financial Markets Authority (FMA) has published its annual review of whether NZX met its statutory obligations as a licensed market operator. More >>

Banks commit to removing incentives for frontline staff

Monday, 24 June 2019, 2:04 pm | Financial Markets Authority

The FMA and Reserve Bank of New Zealand said today that all banks had committed to remove sales incentives from frontline staff and their managers. More >>

$40,000 fine in first FMA case of company abuse of the FSPR

Thursday, 6 June 2019, 1:33 pm | Financial Markets Authority

Morgan DeVere fined $40,000 in first FMA case of company abuse of the FSPR More >>

21 charges filed by FMA against man over ‘investments’

Wednesday, 29 May 2019, 1:31 pm | Financial Markets Authority

21 charges filed by FMA against man who convinced members of the public to ‘invest’ with him More >>

Gap between what investors expect and what auditors deliver

Tuesday, 21 May 2019, 9:34 am | Financial Markets Authority

An FMA research project with investors, directors, managers and auditors has identified reasonable levels of confidence in audit quality, but also a serious gap in the expectations of investors and what auditors are delivering. The FMA commissioned the research ... More >>

10 formal AML/CFT warnings issued by FMA

Monday, 13 May 2019, 2:10 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). More >>

Liam Mason speech on Life Insurance Culture & Conduct review

Friday, 10 May 2019, 3:05 pm | Financial Markets Authority

The FMA was established about 8 years ago, to be the first conduct regulator of New Zealand’s financial markets. Our principal legislation is the Financial Markets Conduct Act. It’s no surprise then that conduct is our main priority - it’s what ... More >>

Company convicted for abuse of the FSPR

Friday, 3 May 2019, 2:57 pm | Financial Markets Authority

Morgan DeVere Corporate Finance Limited (Morgan DeVere) has been convicted at the Wellington District Court on two counts of breaching the Financial Services Providers Act 2008 (FSP Act) for falsely claiming it was registered on the Financial Services ... More >>

Director sentenced to community service for abuse of FSPR

Tuesday, 16 April 2019, 11:38 am | Financial Markets Authority

A New Zealand-based director of Morgan DeVere Corporate Finance Limited has been sentenced to 75 hours of community service for breaching the Financial Service Providers (Registration and Dispute Resolution) Act 2008. (FSP Act). The FMA alleges that the ... More >>

FMA files civil proceedings over trading in Oceania Natural

Monday, 15 April 2019, 4:58 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has issued civil proceedings in the High Court against four individuals in relation to trading in Oceania Natural Limited. (ONL) The proceedings relate to alleged breaches of market manipulation prohibitions and ... More >>

Statement on Supreme Court judgment on ANZ v FMA

Friday, 12 April 2019, 12:22 pm | Financial Markets Authority

The FMA is pleased with the Supreme Court decision in the matter between ANZ and the FMA, released this morning. More >>

Former CFO to pay $150,000, barred for SMA breaches

Tuesday, 9 April 2019, 3:03 pm | Financial Markets Authority

Mark Stephen Talbot, a former virtual chief financial officer of VMob (now Plexure) will pay $150,000 in lieu of a penalty and is barred from acting as a director or manager of a listed business for 5 years. Mr Talbot has admitted to insider trading ... More >>

AML/CFT monitoring report highlights concerns, sets focus

Monday, 1 April 2019, 10:13 am | Financial Markets Authority

The Financial Markets Authority (FMA) has published an Anti-Money Laundering and Countering the financing of terrorism (AML/CFT) monitoring report setting out the areas requiring further attention by the management and boards of the reporting entities ... More >>

FADC Findings published

Friday, 29 March 2019, 2:26 pm | Financial Markets Authority

The Financial Advisers Disciplinary Committee (FADC) has published its findings in a case referred to the Committee by the FMA. A copy of the findings can be found here . The FMA encourages all Authorised Financial Advisers to read and consider ... More >>

Professional Conduct Committee Findings

Thursday, 28 March 2019, 10:38 am | Financial Markets Authority

Professional Conduct Committee of Chartered Accountants Australia New Zealand - findings More >>

Trio sentenced for theft, false statement by a promoter

Wednesday, 27 March 2019, 3:02 pm | Financial Markets Authority

Trio sentenced for theft, false statement by a promoter in Viaduct Capital & Mutual Finance case More >>

FMA publishes guide to shares for investors

Tuesday, 26 March 2019, 10:10 am | Financial Markets Authority

The FMA has published a guide for investors on the nuts and bolts of choosing, buying, owning and selling shares. More >>

Appeal court judgment in ANZ v FMA

Tuesday, 5 March 2019, 2:01 pm | Financial Markets Authority

The court of Appeal has allowed an appeal by the FMA in the matter of ANZ Bank New Zealand (ANZ) v Financial Markets Authority (FMA) More >>

ASX 24 derivatives market review

Friday, 1 March 2019, 11:51 am | Financial Markets Authority

The FMA has today published the findings of its obligations review of the ASX 24 derivatives market. More >>

The ingredients for successful KiwiSaver communications

Wednesday, 27 February 2019, 10:10 am | Financial Markets Authority

The results of a second FMA, MBIE and industry trial demonstrates using communications based on behavioural insights encourages KiwiSaver members to make an active choice about their investment. The report, “ Using behavioural insights to improve KiwiSaver ... More >>

 

 

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